RIYADH, SAUDI ARABIA – The Kingdom and the People’s Republic of China signed on Monday in Beijing a memorandum of understanding for cooperation in the field of accounting, auditing and professional work.
The agreement was signed by General Court of Audit (GCA) President Dr. Hussam Al-Angari and Auditor General of the National Audit Office (CNAO) Hou Kai.
Al-Angari issued a statement expressing thanks and gratitude to King Salman bin Abdulaziz Al-Saud, Crown Prince and Prime Minister Mohammed bin Salman and the Council of Ministers for authorizing him to sign this memorandum.
This MoU is similar to other agreements that GCA has reached with counterpart organizations in different countries.
These agreements underscore GCA’s elevated professional standing, at both regional and international levels, and its important role in sharing professional experience with its counterparts in other countries.
The MoU aims to bolster collaboration between GCA and CNAO, specifically in the field of financial auditing, compliance and performance auditing.
Such collaboration will be realized through various research and consulting projects, as well as holding of meetings, conferences and training programs.
All such programs are conducted within the framework of the International Organization of Supreme Audit Institutions and Asian Organization of Supreme Audit Institutions, of which the two parties are active members.
Saudi Ambassador to China Abdul Rahman Al-Harbi attended the signing ceremony.
